The Nasdaq 100 is currently testing the downtrend blue line.
It looks like it has already broken to the upside, but I would wait for a few days for confirmation.
If the price can stay above the downtrend line, it would be a bullish sign.
In August, the price broke above the trendline but it moved again back below it, creating a fake breakout.
The 50-day MA (red moving average) and the 21-day MA (blue moving average) are currently working as support.
It is important to follow the movements of this particular index for the next few days to understand if a new bull run has started.
The market sentiment remains in the "Greed" mode.
It looks like it has already broken to the upside, but I would wait for a few days for confirmation.
If the price can stay above the downtrend line, it would be a bullish sign.
In August, the price broke above the trendline but it moved again back below it, creating a fake breakout.
The 50-day MA (red moving average) and the 21-day MA (blue moving average) are currently working as support.
It is important to follow the movements of this particular index for the next few days to understand if a new bull run has started.
The market sentiment remains in the "Greed" mode.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.